The most common trust errors

Trusts are an essential part of the private client practitioner’s toolbox but it is surprising how often mistakes are made. This practical webinar will look at some of the common mistakes and how to avoid them.

Topics covered include:

• Not setting up the trust correctly
• Choosing the wrong sort of trust
• Not reading the trust deed
• Overlooking the rule against self-dealing
• Mistakes exercising powers
  • Formalities
  • Inadequate deliberation
  • Improper purpose
  • Overlooking IHT and CGT consequences
• Mis-managing appointments and retirements of trustees